Germany commits 100 billion euros to new armed forces fund
ABC News
German Chancellor Olaf Scholz says Germany is committing 100 billion euros to a special fund for its armed forces, raising its defense spending above 2 percent of GDP
BERLIN -- German Chancellor Olaf Scholz said Sunday that Germany is committing 100 billion euros to a special fund for its armed forces, raising its defense spending above 2 percent of GDP.
“It’s clear we need to invest significantly more in the security of our country, in order to protect our freedom and our democracy,” Scholz told a special session of the Bundestag in Berlin Sunday morning.
The move is a significant one for Germany, which has come under criticism from the United States and other NATO allies for not investing adequately in its defense budget.
Scholz’s announcement, which came during a special session of Germany’s Bundestag Sunday morning, was the latest in a series of major shifts in German defense and security policy this weekend in response to Russia’s invasion of Ukraine.
